Updated about 1 month ago on .
Need to Sell Now
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $8,000
Cash invested: $65,000
3 bedrooms, 1 bathroom, split level, new appliances, renovated
What made you interested in investing in this type of deal?
low purchase price
How did you find this deal and how did you negotiate it?
Family friend
How did you finance this deal?
purchased outright
How did you add value to the deal?
complete renovation (burned in a fire)
What was the outcome?
Renovated completely; good showing, one bathroom drawback
Lessons learned? Challenges?
Challenges: monthly upkeep, 15 steps, one bathroom
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I did work with one RE agent, Vincetta Williams Franklin